what's up guys and welcome back to the channel in this video we will be talking more about ADA
or cardano and let's go ahead and check out the things that we need to know about this
I would also like to give you an analogy on what cardano is that way it would be easier
for you guys to picture out and you know realize what this project is really about
if you're new to the channel guys please consider subscribing click that Bell that
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before we start getting just a quick message for you guys I'm not a professional advisor
and this video is purely for informational and educational purposes only so let's get it on
all right guys so link to this website will be in the description of the video this is the landing
page of cardano we'll be checking out the website and see the most important things that you guys
need to know about this one and just to start off guys I wanted to give you a quick analogy on what
cardino is think of it as a operating system like say for example windows or iOS or Mac or something
like that right think of it as Windows operating system projects in the blockchain are your
softwares or the applications that you install on your operating system so it's something like that
that's a very good analogy that way you would think that oh okay so cardino is the platform
and there are different apps or softwares you know working in that blockchain that are operating it
so it's a blockchain like an operating system and there are different apps or softwares that
you can install into it that way you can play around or use those applications okay so that
is a very good analogy for cardano so cardano is a blockchain platform for change makers innovators
and missionaries with the tools and Technologies required to create possibility for many as well
as the few and bring about positive Global change also guys you're gonna be asking is this something
that you can mine like ethereum just you know if you are new to crypto industry you could have
already known that you know there's ethereum right and then ethereum you can mine it using the gpus
and all those good stuff right that was before is this exactly the same thing no it's not like
that for this one you have proof of stake okay and what is the proof of stake so it's proof of stake
and oroboros is the one that powers that the most environmentally sustainable blockchain protocol or
boros is the first peer-reviewed verifiably secure blockchain protocol and cardano is the first
blockchain to implement it oroboros enables the cardano networks the center realization and allows
it to sustainably scale to Global requirements without crucially compromising security and as
you guys know in crypto security is everything because there's a lot of theft there's a lot of
like hacking going on where millions and millions of dollars are being robbed from other blockchains
and all those projects okay so discover cardino cardan is the first blockchain platform to be
built through peer review research to be secure enough to protect the data of billions scalable
enough to accommodate Global Systems and robust enough to support foundational change let me go
ahead and show you like the apps projects that are in cardano so if I'll use that radar and there are
other website as well that you could choose or you could use to see like what projects are in certain
blockchains or something like that and you can see that here you have if you have EOS Tron and
all those good stuff and then this one cardano has this see there's a lot of projects revolving
in the cardano network and majority of that are nfts and as you guys know you know the continuous
boom of nfts is still making a lot of crypto a lot of money revolving in the crypto universe or the
metaverse so those are your top cardino apps and going on to snake pool delegation what is stake
pool delegation so Ada held on the cardano network represents a stake in the network with the size of
the stake proportional to the amount of ADA held Ada by the way guys is your token and I will show
you later in exchange I'll show you an exchange where you could see the Ada token right there
along with the top tokens that you guys might have already known so now there are two ways
an ADA holder can earn rewards so by delegating their stake to a stake pool run by someone else
okay or running their own stake pool amount of stake delegated to giving stake pool is the
primary way the aura Boris protocol chooses who should add the next block to the blockchain and
receives a monetary reward for doing so the more stake is dedicated to a stake pool up to a certain
point the more likely it is to make the next block and the rewards are shared between everyone who
delegated their stake to the stake pool so what is State delegation delegation is the process
by which Ada holders delegate the stake associated with their Ada to stake pool it allows Ada holders
to do have the skills or desire to run a node to participate in the network and be rewarded
in portion to the amount of stake delegated also you know ways for you guys to earn in like staking
you know purchasing your Ada tokens and then staking it in the network so that is one thing
that you could earn cred though or Ada perhaps for this project so staking is one of the things that
you could do for you to earn in this blockchain okay so cardano wallets delegation is supported
by dedalus a full node wallet developed by iohk and Uriah browser based wallet developed by emorio
to learn more so you can select either wallet here so did the loose and then you Roy so our
staking calculator to see how much Ada it could be rewarded for delegating to a stake pool so you can
go ahead and check this one out guys anyway all of the links the important links will be in the
description of the video now before we head on to their Twitter account let me go ahead and head on
this is binance guys and by the way cardano Ada is basically on almost all of the major exchanges
out there that's how big this cardano is so you see here yeah Bitcoin you have ethereum you have
usdt BNB xrp BSD and then Ada right there so you can go ahead and check that out of course do your
own research you know for a fact that crypto is volatile you can you can yes for certain projects
or investing in all those good stuff you can earn Millions on this one overnight for crypto but
worse comes to worst hopefully it does not happen to you you can get bankrupt in a snap so when you
invest invest wisely always do your own research and of course Master the art of technical analysis
that way you don't just make this the trading or the investing in crypto like gambling always
relying on luck alone for you to get money so you know 99 of the time you might lose money instead
of gain more money out of that okay so also guys this is their Twitter account you can go ahead and
check out their Twitter account follow and click that notification Bell that way when anything an
announcement or an update goes out about cardano you will definitely be notified and mind you guys
all of those announcements and updates may or may not affect the price action of the Ada token so
I would strongly suggest guys that you check out their social subscribe follow and you know do what
you have to do for you guys to make for it to give you an informed decision when you do your trades
okay on GitHub so you see that cardano you have a whole lot of other coins there you have polka
dot you have ethereum uh there's also like address Ada or cardano as the ethereum killer I don't know
if that's gonna be the case but as you guys know if you are following or being updated with all of
the latest things in crypto ethereum had a major migration just recently just a couple of weeks I
think wherein right now they are similar to what cardano's doing right now it's not binding anymore
okay so it's proof of stick so the stakeholders or the stakers are the ones earning from the network
so that's good because again you know you can't just rely on the mining alone it would definitely
be better if you have stakers like buying tokens and supporting the project legitimately instead of
just people buying you know the gpus and all those stuff to mine and then earn from what
they're doing so I would definitely go with proof of stake instead of the mining so if again guys if
you are new to the channel go ahead and click on that subscribe button click on the notification
Bell check out the channel as well there are a lot of things that you can go ahead and check out a
lot of projects out there that you could also you know learn a lot of things from it checking out
what the YouTubers or the influencers that you're watching has to say about the project but don't
just rely on that always always go out there check out the socials yourself check out the community
what they have to say about it check out the news and then and you know from there you could make an
informed decision all right so I'll end the video right here I will see you on the next guys I'm